Brexit, Reversals And Trading Commodity Currencies

Brexit continues to dominate the headlines, but it’s not the only game in town, and in this forex trading session we look at some of the most important aspects of trading, such as understanding primary and secondary trends and the power of volume price analysis.

And in this session we also saw something which is rare indeed, buying of one currency and selling of all the others. In this case, it was the British pound with all other seven principle currencies moving lower in the fast timeframes. Then came the reversal with the commodity currencies leading the way, and a great way to trade this group is to consider them as a block, with the inverse USD/CAD providing the mirror image for the NZD/USD and the AUD/USD. Using this approach gives us an alternative view of price action as well as the all-important volume price analysis perspective, allied to the powerful Quantum Trading indicators, which all combine to help to get in, stay in and get out at the right time.

(Video length 00:55:56)

Disclaimer: Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in ...

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